Broker Name: Lim & Tan Securities
Date of Report: 14 October 2025
Excerpt from Lim & Tan Securities report.
- ASL Marine is initiated with a BUY rating and \$0.30 target price, driven by fleet rejuvenation, expanded repair capabilities, and aggressive debt reduction, positioning it for profit doubling in FY26 and strong growth thereafter.
- Singapore’s stock and IPO markets are among Asia’s best performers this year, aided by proactive liquidity injections and new research funding; SGX’s share price has surged 37%, with a HOLD recommendation due to fair valuations.
- China’s electric vehicle insurance market faces persistent losses due to higher claims and repair costs, but is expected to become a major growth engine for auto insurers as EVs overtake petrol cars in sales volume.
- Institutional investors in Singapore were net buyers (+S\$503m) in the week of 29 September 2025, while retail investors were net sellers (-S\$375.7m), with strong flows into banks, REITs, and tech stocks.
- Recent share transactions and dividend announcements for major listed companies are highlighted, alongside upcoming financial events and SGX watch-list updates.
Report Summary
- ASL Marine shows strong profit growth prospects, benefiting from sector tailwinds and internal restructuring.
- Singapore’s stock market enjoys robust performance, with SGX directly benefitting from new measures and liquidity.
- China’s EV insurance sector is in transition, with future premium growth expected despite current underwriting losses.
- Institutional investors are increasing exposure to Singapore financials, REITs, and tech, while retail investors are reducing positions.
- Key share transactions, dividends, and SGX market highlights are provided for investor reference.
Above is an excerpt from a report by Lim & Tan Securities. Clients of Lim & Tan Securities can be the first to access the full report from the Lim & Tan Securities website: https://www.limtan.com.sg
